Millennials hate bureaucracy but big banks aren't agile enough to meet the demand for fast service. That gives credit unions a big opening.

Cathy Bessant, BofA’s chief operations officer, is the Most Powerful Woman in Banking; 6 standout fintechs at Finovate 2019; the Citi CEO says gender pay gap is ‘a challenge we need to tackle together’; and more from this week’s most-read stories.

In the payments world, Scharf is best known as the CEO of Visa Inc. from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what he has planned when he becomes CEO of Wells Fargo.

The U.K. charity sector is currently facing its biggest ever crisis of trust — with a recent survey conducted by the Charities Aid Foundation finding that the proportion of the general public who donate to charity has declined for the third year in a row — amid rising concerns about wastage and corruption.

Visa has launched an online portal for fintechs to explore payments technology and find resources such as shortcuts to applying for fintech licenses.

Elder financial exploitation is a vast and growing problem in the U.S., and one that presents difficult policy challenges for law enforcement and banks.

Here are companies whose strong visions and timely ideas commanded attention at the technology conference in New York this week.

JPMorgan, which led the offering, may have “enabled” the startup’s questionable behavior; the system may enable more people to get approved for mortgages.

It is the bank’s second big gift to the nonprofit Financial Health Network in recent years, with this one earmarked for a financial solutions lab.

The app, which started with mobile gaming, will now integrate itself with some of the most popular video games on the market such as Fortnite.

After investing in a payments CUSO earlier this year, the Florida-based credit union is looking for additional opportunities to work with fintechs.

The bank has developed APIs to feed customer data directly to seven fintechs and data aggregators, including MX and Finicity.

The San Francisco startup plans to use the fresh funding to hire employees in its engineering team and to expand the number of platforms it works with.

Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.

The U.S. should pass a law with the teeth of GDPR or PSD2, says KnowBe4's Lecio De Paula Jr.

The startup, Drum, provides a marketplace for small businesses to offer promotions to influencers who can help them drum up business.

Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Now she's in charge as it grapples with difficult questions and sets out to reshape the industry.

Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.

Building capital will help the mortgage agencies move toward the private sector; Virtual Wellness needs to assure banks it's safe to do business with them.

Since taking over as leader of Citi FinTech in 2016, Yolande Piazza has worked to boost the number of women who are promoted into leadership roles for her team.